EU leaders support green energy campaign: The European Council calls for phasing out fossil fuel subsidies
23 May, 2013
Just as Bankwatch published a new infographic juxtaposing the European Investment Bank’s beneficial and harmful energy lending, Europe’s political leaders have set a priority for energy investments to phase out fossil fuel subsidies and focus on clean energy instead.
Read moreThe European Investment Bank’s energy lending: stuck in the past or facing the future?
23 May, 2013
The European Investment Bank, the house bank of the European Union, which directs a fifth of its annual lending portfolio of 60 to 70 billion euros to energy projects, is currently reviewing the policy document that guides its lending to the power sector. On this occasion, Bankwatch is publishing a poster of positive and negative examples of the bank’s lending to energy projects.
Read moreEnergy efficiency becoming more central to future EU spending in the Czech Republic – thanks to NGO calls
21 May, 2013
Energy efficiency has now become a priority for EU funding in the Czech Republic for the forthcoming 2014-2020 budgetary period.
Read moreRegional funding negotiations – Green groups warn against last minute reintroduction of fossil fuel subsidies
16 May, 2013
With the final negotiations aimed at sealing agreement on the EU budget for 2014-20 now underway, environment NGOs are warning that a last minute amendment aimed at permitting EU subsidies for fossil fuels that are devastating for the climate must be rejected by negotiators of the future EU Cohesion Policy’s regional development funds.
Read moreDivesting from coal is not ideology but climate science – a reminder for the EBRD
14 May, 2013
The energy director of the European Bank for Reconstruction and Development has made astonishing statements about coal investments prompting Bankwatch’s EBRD campaign team to react.
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